R. Carlonda Reilly - Jul 24, 2023 Form 4 Insider Report for KENNAMETAL INC (KMT)

Role
Vice President
Signature
Michelle R. Keating, as attorney-in-fact for Carlonda, R. Reilly
Stock symbol
KMT
Transactions as of
Jul 24, 2023
Transactions value $
$0
Form type
4
Date filed
7/26/2023, 05:35 PM
Previous filing
Aug 17, 2022
Next filing
Aug 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KMT Common Stock Award $0 +1.1K +4.57% $0.00 25.1K Jul 24, 2023 Direct F1
transaction KMT Common Stock Award $0 +1.55K +6.18% $0.00 26.7K Jul 24, 2023 Direct F2
transaction KMT Common Stock Award $0 +2.58K +9.67% $0.00 29.3K Jul 24, 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 1,098 performance stock units deemed to have been earned by the Compensation and Human Capital Committee ("the Committee") on July 24, 2023, with respect to the third tranche of the Performance Unit Award granted to the reporting person on August 15, 2020, under the Kennametal Inc. Stock and Incentive Plan of 2016 (the "2020 Performance Unit Award".) On July 24, 2023, the Committee approved adjusted ROIC payout multiple at 125% for the third tranche of the 2020 Performance Unit Award, with the award adjusted by an 80% TSR modifier. Vesting and actual distribution of these shares remain subject to the reporting person's continued employment with the Company through August 15, 2023
F2 Represents 1,554 performance stock units deemed to have been earned by the Committee on July 24, 2023, with respect to the second tranche of the Performance Unit Award granted to the reporting person on August 15, 2021 (the "2021 Performance Unit Award"), under the Kennametal Inc. 2020 Stock and Incentive Plan. On July 24, 2023, the Committee approved adjusted ROIC payout multiple at 125% for the second tranche of the 2021 Performance Unit Award. Vesting and actual distribution of these shares remain subject to the reporting person's continued employment with the Company through August 15, 2024
F3 Represents 2,581 performance stock units deemed to have been earned by the Committee on July 24, 2023, with respect to the first tranche of the Performance Unit Award granted to the reporting person on August 15, 2022 (the "2022 Performance Unit Award"), under the Kennametal Inc. 2020 Stock and Incentive Plan. On July 24, 2023, the Committee approved adjusted ROIC payout multiple at 125% for the first tranche of the 2022 Performance Unit Award. Vesting and actual distribution of these shares remain subject to the reporting person's continued employment with the Company through August 15, 2025